VIP Industries Q3 Net rises 32.94% at Rs 11.3 crore

The company had reported a net profit of Rs 8.5 crore in the corresponding quarter of the previous year.NEW DELHI: VIP Industries today reported a 32.94 per cent increase in its net profit at Rs 11.3 crore for the quarter ended December 31, 2015.

The company had reported a net profit of Rs 8.5 crore in the corresponding quarter of the previous year.

Its net sales increased by 15.14 per cent during the quarter under review to Rs 290.5 crore as against Rs 252.3 crore in the corresponding period a year ago, VIP Industries said in a BSE filing.

Overall expenses of the company rose by 11.32 per cent to Rs 275.3 crore as against Rs 247.3 crore a year ago.

Meanwhile, the Board of Directors of the company have declared an interim dividend of 60 paise per equity share of Rs 2 each for FY 2015-16.

Shares of VIP Industries were trading 1.39 per cent higher at Rs 101.95 apiece during afternoon session on the BSE.